EquiLend secures minority investment from BNY
13 March 2025 US
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The Bank of New York Mellon Corporation (BNY) has completed a minority investment in EquiLend.
The investment represents a significant commitment to EquiLend and its suite of technology solutions, according to the bank.
Alongside eight additional financial institutions with strategic investments in the fintech firm, BNY will advise the company on enabling further innovation and efficiency across the securities finance ecosystem.
Following the investment, BNY will join a select group of planned initial users of EquiLend’s 1Source solution, a single source of truth for securities finance transactions.
Nehal Udeshi, head of securities finance at BNY, says: “This investment reflects our confidence in EquiLend’s ability to tackle the industry’s biggest challenges with innovative solutions that drive greater efficiency.
“We are confident in EquiLend’s central role in the marketplace and plan to further redefine securities finance with innovative market infrastructure.”
EquiLend CEO Rich Grossi adds: “BNY has been a strong partner of EquiLend’s since shortly after the company’s founding over 20 years ago. This investment brings added advisory leaders and underscores the commitment to our products and transformative potential of our long-term strategy.
“We continue to be focused on solving our industry’s needs, and this collaboration brings us even closer to driving forward our vision for a more efficient, transparent and modern securities finance industry.”
The investment represents a significant commitment to EquiLend and its suite of technology solutions, according to the bank.
Alongside eight additional financial institutions with strategic investments in the fintech firm, BNY will advise the company on enabling further innovation and efficiency across the securities finance ecosystem.
Following the investment, BNY will join a select group of planned initial users of EquiLend’s 1Source solution, a single source of truth for securities finance transactions.
Nehal Udeshi, head of securities finance at BNY, says: “This investment reflects our confidence in EquiLend’s ability to tackle the industry’s biggest challenges with innovative solutions that drive greater efficiency.
“We are confident in EquiLend’s central role in the marketplace and plan to further redefine securities finance with innovative market infrastructure.”
EquiLend CEO Rich Grossi adds: “BNY has been a strong partner of EquiLend’s since shortly after the company’s founding over 20 years ago. This investment brings added advisory leaders and underscores the commitment to our products and transformative potential of our long-term strategy.
“We continue to be focused on solving our industry’s needs, and this collaboration brings us even closer to driving forward our vision for a more efficient, transparent and modern securities finance industry.”
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